Current situation, page-2

Risk, if previous years are any guide, its slow going over the winter (snowing, freezing equipment) and the early spring (storms). I'm assuming they have the same contractors and the same rigs working with them but expect a slow rate in the wet season (eg contractor is expected to average 3-4 per month) and an acelerated rate when things are better (they stated 6/ month). Contractor appears to currently be averaging 6 per month so it seems feasable they well continue at this pace as their new baseline.

I dont think cash is the limiting factor in stepping it up to 8-9 wells per month. Its probably more to do with whether they want to commit to another rig at this stage, or whether they want to see how some wells perform over a few months.

At 6 wells / month they have a capital budget of $50 Million p.a. Thats a pretty decent spend by a small company